|
� -=_ .� — w+a.....��\� . ,_; t. ( ^�"•Y.V� �T _ __
<br /> .. . . _
<br /> _ . : t . < . k��..>> c �� �w T r s """ `Pi..: .� ' ��:r('. { _c -- ° .
<br /> � - . -�*F . 4.._ . `�. _- .� - - ' � -y - _ r ":.
<br /> ' cc. � �`-f � '� c y o- C f r 1� 4a . ``�t}ak� YYi � 4 _ f �. '�i,:
<br /> p. �� ' -cu . R F #- :t- c�:• } L _ti'- `t . . ."`_� •F -_ y.'ak:." '�''� . � :.
<br /> � ,t��_ .f-t ��� ' F� r�- 64,,- _' '>� �F�` c� iry� r:.�:
<br />.�..�� �c 'k� .�
<br /> � h
<br /> �.1. `',al - `r^�f:-t�-
<br /> `�� .. . t�7.,- C - � � • t t
<br />_ .��; �-� . ..- �t.�a;
<br /> .. .� rt`£`Sa '' . . • VO� VYIt�� ```•'�.
<br /> .;s�<. �-�¢° � �4� DEF�►iJLSf.'1'rasta�wiU be in default if anY P�Y obli�ated on the Seaued Debt tails to�e paymeat whea due. - y i;-
<br /> �- < �.�;� , 'Trnstor w7!be Iu defautt if a breach a�uts uader the terms of ttiis Securlty Ia�trumant as aay other dac�ent � �,
<br /> t is
<br /> _ . .� ::;: `�� exc�ated�or tfle puupas�of�resting,senir7ng or gaarautying Ehe Secured Deba.A good fsith beliefby Beuefidary :-.� :
<br /> ' ttaat Bea�ficiaty at any time�s ins�cate with te�pect Eo�nY Pe�oa or entity o6ti�ated on the Secqued Debi or tt�at tiie , .�- -
<br /> 7,. ,� ` ,'�R:, ,-.�.
<br /> prospeet of a�r payment ar t�e value ofthe Property isimpairedshall alsoconstiwte an eventof default, �
<br /> �ti �� —> �.�: is. c�c'i'+�i n'8r."�itsL;s.Su s:.�a'�;f�at�x!stat�2a��rtc�r�B��!e grc��'itiustor .:�
<br /> u
<br /> <: . arith notice of the right to cure or otHer aotIces and may establish time sched�tes fos foredos�ue act€ans.Subje�t to ' �:Q�_
<br /> .�;r" ` �•� these timitations,if anq,HeneBaary may socelerate the Secured Debt and forecttise this Security Instnuuent in a �`�-
<br /> t� ` �manaerprovided tsylaw if Trustoris ia defauh.
<br /> .i.-_ •.
<br /> F' `k-J� At the a�ption oi Benefia�,all or any part of the agXeed fe�and d�a�es.aa�uc�d interest aud principal shaU 6e�ome _ -
<br /> + ; � '`� immed'iatetg das and payabi�.after pivm¬ice if req�rited by Iaw,upon the ooctnreace of adefault or anytime thereafter. � �
<br /> _��. Ia addition,BeaeSceary shall be entttled W atl the remedies grovided by law,the tezms of the Secuned Debt,th�s Seca�rit7► �.<;,,--.,_=y,
<br /> ���,�..`� • . I n s h u ment an d any re l a t e d d a c u m e n t s,i a c l u d i n g w i t h o u t l�t a t io n,the power tosell the P r o perty. �""".T i..
<br /> -..��...: ,. . . . � - -
<br /> � If Were is a default,Trustea sba4 ia additian w aay other pet�nitted remedy,at tiie request of the BcueSciary, - - -
<br /> ,' � �' adveidse and selt the Progeriy as a whole or in separste parcels at public auction to the iughesi bidder for cash and ���yT-
<br /> � � 't ,-;c• convey absolute tide ftee and clear of ali right,title and interest of Tn�stor at such time and place as'Trascee .gW.._r_
<br /> - ,�.�` ., desgaates.Trustee shall give aotice of sate inc2ad'mg the time,terms and place af sale and a d�tion of the. �,_:.�_--
<br /> '�• ��q:... . property tobe soId asreqirinedbythe agpiicablelavr iaeffect at the dmeof the grapasedsate. �w w_
<br />-�...` , �-�� Upan sate of the properry and to the extent not prohibited by taw,TnLStee shall make and deliver a deed to the Pcoperty �.
<br /> . � � • sold wIucb_co�veys absolute title to the purchaser,and after first paying alI fe�,ai�arges aad oosts,sflall pay to __�
<br /> ' Benefieias9 all moneys advanced for repans,taxes,insuian c e,t i e n s,a s s e s�m e n t s a n d p ri o r e n c u m b r a n c e s and mterest ----
<br /> � `° thereon,and the principal and interest on the Sec�ned Debt,pa g the surpIus,if aay,to Tntstor.Benefraary may ;
<br /> �.f < pumdiase the Property.The recitals in any deed of conveyance�grima fac�e eHdence of the€�s set fartb thereia. . - -_-
<br /> �:.. r't;; �.-. ....
<br /> _ ,��;�t: •� .: All remedies aze distinct.cumulative aad not escWsive,and the Beneficiary is entitted to all remedies�rovlded at law� --
<br />�,:,,`.. , - -
<br /> = ' .�_ . equtty,wttether or not expiessly set fnrth.`The acceptanae by Benefrciary af any sum ia payment or partial payment on ffie ' —_-_
<br /> � ' Secured Debt after the bataace�s due or is aocelerated or afteY farectosure praceedings are II�s�1 not wnstitate a
<br /> �.' . �", waiver of Baaeficiary's right to requse complete cure of any e�sting defaalt Bq not esercising any remedy on Trustor's -
<br /> � ;,r:'�� " c�`;'�I�- def�ult,Benefiaary does not waive BeneBdary's right to lates cansider the eve�a default if it conttnues ar happens again. W-.
<br /> ' < � � � ��;;,;�.� 16. �XPENSES;ADYANC�ON COVENAIVTS;ATTORNEYS'FEES3�OLLECTION COSTS.Except wII�en � _--
<br /> - ���';:�.'.;.G�..�_:.a� protnbited by law,Z�ustor agrees to pay at!of Benefaa�'s expenses if Trostoz breaches an�r covenant ia ttris Seaa�tg �� _
<br /> - - �nsinmmen�Tn�stor w�l aLso pay on demand any amouat inca[ued by Benefic�arY f4r insunag.insPectin8�PT�r'�
<br /> - � � � � � ' or otheivni,se protecting the Praperty and Beaefrciary's secuiity interest.These expenses w71 bear mterest from the ..
<br /> . . .;�.�T date of tha payment unt�paid in fuD at 9he highest interest rate in effect as provided ia the tem�s of the Secured Aebi. °___ -
<br /> � c
<br /> �. � Ttustor agrees to pay a}l casts and expenses inc�ured by Benefcaary ia coilecaing,enforcang or protecting Benefidary's . . .�
<br /> . � � :ig4ts and remcdies pnder this enses.�is Security '�is amo shall remain in effect emrit ret�eased.t Tr�agc�ees to � -
<br /> -- , so.nrt costs,and oiher egal xp
<br /> .= �. � . pay for any recordation costs of s¢c�s rel�ase. _�_-_ _
<br /> =s�. ;��; .. ;:��''.:� 17. ENVQtONR+�1�i��F.LA�l3�1N1D AAZA�D0�7S SYJBSTMICES.As used in this section,(1)Envirr�nmental Law .�„�q-. .
<br /> ;::<:`:, ��� ' means.without limstation,the Comp rehensive Emiroamental Response,Compensation and Laabitiry Ad(CERGZA, . —_-_
<br /> -�!�.�};';'.:�,: �..,: 42 US.C.9¢Ol et seq.),aad all other federal,state and Iocallaws,reguIations,ordiaances,court arders,attorney '�___.
<br /> ;,. • � ' � generad apinions or�aterpsetive lettera cancerniag the public health,safety,welfare,enviranment o:a hazardous
<br />- � . .,l'�. substa�x;and(2)Hazardous Substance means any tax�a,radioadive or hazardous material,waste,pollutant or ..���
<br />. �..�, ::':' contamaiant wiuch has characteristics which rendei the substance dangeraus or potenteaUy dangerous to the pnblic �-.=-
<br /> • healt6,safe welfare o=environment The tenn inctudes,arithout limitation.any substanoes de5ned as"hazardous �_-� __-
<br /> . -� � material,""�oxic substaaces,""hazardous waste"or"ha7ardous substance°uader any Em�ironmental Law. • �,---�'`-�''
<br /> � .>. :`. , Trastor repsesents,warrants aad agrees tha� "'�°
<br /> . � ��.
<br /> � • A. Except as previously disclosed and ackaowledged ia arrittng to Beueficiary,na Hazardous Substance is os w�716e�
<br /> � located,stored or seleased on or in the Ptoperty.This restriction does not apply to small c�nandties of �
<br />-. .� �' • � Hazardous Substattces that are geaeraIIy reoognized ta be appropriate for the anrmat use and mamtenaace of
<br /> -- � , the Ptopes4y. �•,.;'�
<br />= � � � . ,. B. Eacept as predsously disctosed and acknotvledged in writing to Beneficiary,Trustor and everq D�ant have been, �r�._
<br />: �<. � are,and shall remain in fuU compliance with any appHcable Environmental Law. �=:_:;'-
<br /> , ;.:
<br /> � �' . � • C. �'rustor sha11 immecliately notiffy BenefcIary if a release or threatened release of a Hazardous 5ubstaaace ocans a, ._ _
<br /> : � ' �� on,�{nder or about the Property or theie is a v�olat�on of any E�ronmental Law conceming ttee Property.Ia �,: ;:._
<br />:;�.i.� ;-,: . ..
<br /> .,f.. � such aa e�t,'Prustor shall take all necessa:5+iemedial actioa m aocordaace wiW at►y Emrironmental Law. -
<br /> _- � � � �.,:. D. Tnutar s}��nmediately uotify,Beneficiary in wrlting as soon as'I�ustor has reason to believe there is any ' .
<br /> _--_ - - .. _ pe��g��eatened'n�vesti�suon,claim,ar proceeding relating to the release or threatened retease o.f atry =:-.`:u
<br /> . - - H a z a rdous Substaace or the v�olation of any Environmental Law. �°;,,r,,,�
<br /> .�,� � i�, COPIDEMNA'fIO1V.Trustor will give Henefuiary prompt notice of any pencting or threatened adion,I ry private ar '+:
<br /> r=� � publlc en6ties to purchase or take auy or aU of the Property throug6 condemnation,eminent domain,or any other
<br /> �:�;.�. . � • - ' means.Trastor authorizes Beneficiary to intervene in Trusior's name m any of the above described ac@ons or clalms. ,_ . .
<br /> - Tnistor assigas to BeneSciary the proceedy of any award or claim for damages connected arith a condemnarion or other
<br />:'i�� � �- � � takiag oi ull or aay part of the Praperty.Such praceeds shaU be considered payments and will be apptied as pYOVided ia
<br /> �` thls se�srity Instrument This��,ument of proceeds is subject to the tetms of any priar mortgage,deed of�st, ,
<br /> :;�' . . • � secutisq agreement or other Lea�cumeat.
<br /> ;_` . ' � 19 INSU�CE.'Tr¢stor shall keep Property insured against loss by fi�e,flood,theft and other hazards and r�sks ,.
<br />:;", . ` ;'�, reasonably assoaatrd with the Property due to its type and locaflon.'I'his insuraaoe shall be maint,3iaed'm the amotu�ts :
<br /> � � � and fos the periods that Benefisiary requires.The insuraace carrier providing the insuraace shall L*e dt�osen by 7Yustor .
<br /> • � sub;ect to Beneficiary's agprova9,wiuch shall not be unreasonably anthheld.I�Trustor fa7s to�aintain the coverage . .
<br /> - � �• � ' described above,BeaeSciary may.at Bene�ieiary's optian,obtain coverage to proteet Beneficiary's rip�ts in the •
<br /> -�', . , . � Property accor�;to the terms of tivs Security Inswmen�
<br /> � A(1 insarance paii�es aad reaewals shaU be acceptable to Beaefle9ary and shall iaclude a standard"mortgage c2ause" ..
<br /> ' and,where appl�caole,"toss payee clause."Trustor sha31 imm e d i ate 1y no ti f y Hene�ciary of cancellation or teimination .�
<br />- " of the insurance.Benef ciary shall have the right to fio2d the policies and renewats.If Beneficiary requires.Trustor shall
<br />� ' �-� � � immediately g'tve to Beaeficiary all rer.eipts oi paid premmnts aad renewal notices.LJpon loss,Trustor shall give :
<br /> - • • . immediate nouce to the insurance canier and Heneficiary. Beneficiary may make proof of loss if not made
<br />-- . immediately by Trustor. ��
<br /> . � ' . . ^__ (Pa9s3ar4) .
<br /> �f�
<br /> .. .'. � - � . �199f&vfY.e�SystaM.tne.SlCbu0.6W 11�00�397-T3471 FOrtnRE-DT•NE f2/Ylt99 � �+ !]•�—.—� `�'���
<br /> .. 3 •� � .L I �
<br /> . .. . .: � _
<br /> . . . ,. ...... - -_-;�.-.,;:;
<br />- __".. .. .. . �• _ •�is . . . ._ _ . . _.. . . �._... . . , _ . . ' , .. . _ .. • ' .. . '_ , - .- . . _ ,.. ..�'_' . ... . .. ._ . ._ . - .. .
<br />
|